Mingteng Cash Ratio vs Free Cash Flow Analysis
| MTEN Stock | 5.68 0.25 4.22% |
Mingteng International financial indicator trend analysis is infinitely more than just investigating Mingteng International recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mingteng International is a good investment. Please check the relationship between Mingteng International Cash Ratio and its Free Cash Flow accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mingteng International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. To learn how to invest in Mingteng Stock, please use our How to Invest in Mingteng International guide.
Cash Ratio vs Free Cash Flow
Cash Ratio vs Free Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mingteng International Cash Ratio account and Free Cash Flow. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Mingteng International's Cash Ratio and Free Cash Flow is 0.81. Overlapping area represents the amount of variation of Cash Ratio that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Mingteng International, assuming nothing else is changed. The correlation between historical values of Mingteng International's Cash Ratio and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash Ratio of Mingteng International are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Cash Ratio i.e., Mingteng International's Cash Ratio and Free Cash Flow go up and down completely randomly.
Correlation Coefficient | 0.81 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Cash Ratio
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Most indicators from Mingteng International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mingteng International current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mingteng International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. To learn how to invest in Mingteng Stock, please use our How to Invest in Mingteng International guide.At this time, Mingteng International's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 27th of November 2024, Enterprise Value Multiple is likely to grow to 7.88, while Tax Provision is likely to drop about 329.1 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 26.5K | 37.7K | 404.9K | 425.1K | Interest Income | 6.5K | 2.2K | 4.5K | 3.7K |
Mingteng International fundamental ratios Correlations
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Mingteng International Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Mingteng International
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Mingteng International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Mingteng International will appreciate offsetting losses from the drop in the long position's value.Moving against Mingteng Stock
| 0.57 | LEA | Lear | PairCorr |
| 0.5 | FOXF | Fox Factory Holding | PairCorr |
| 0.47 | DAN | Dana Inc Buyout Trend | PairCorr |
| 0.47 | GTX | Garrett Motion | PairCorr |
| 0.41 | VLCN | Volcon Inc | PairCorr |
The ability to find closely correlated positions to Mingteng International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mingteng International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Mingteng International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Mingteng International to buy it.
The correlation of Mingteng International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mingteng International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mingteng International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Mingteng International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mingteng International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. To learn how to invest in Mingteng Stock, please use our How to Invest in Mingteng International guide.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Is Automotive Parts & Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mingteng International. If investors know Mingteng will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mingteng International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.18) | Earnings Share 0.09 | Revenue Per Share 1.749 | Quarterly Revenue Growth 0.267 | Return On Assets 0.0407 |
The market value of Mingteng International is measured differently than its book value, which is the value of Mingteng that is recorded on the company's balance sheet. Investors also form their own opinion of Mingteng International's value that differs from its market value or its book value, called intrinsic value, which is Mingteng International's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mingteng International's market value can be influenced by many factors that don't directly affect Mingteng International's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mingteng International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mingteng International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mingteng International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.